# Russia’s economy is suffering under the weight of war and sanctions. So why is the ruble still one of the world’s strongest currencies?

- URL: https://talkfuse.com/story/russias-economy-is-suffering-under-the-weight-of-war-and-sanctions-so-why-is-the-ruble-still-one-of-the-worlds-strongest-currencies/
- Published: 2026-11-06T13:23:06+00:00
- Updated: 2026-11-06T14:53:55+00:00
- Original publisher: Meduza
- Original article: https://meduza.io/en/feature/2026/11/06/russia-s-economy-is-suffering-under-the-weight-of-war-and-sanctions-so-why-is-the-ruble-still-one-of-the-world-s-strongest-currencies
- Topics: Business, Economy, Europe, Geopolitics, Politics, World

## Key points

- The ruble has gained despite pressure from war and sanctions.
- Tax payments and peace-talk hopes helped it strengthen.
- Fewer foreign investors mean news triggers less dramatic moves.

## Summary

Russia’s ruble has strengthened against the dollar and euro in recent months, despite the strain that the war and sanctions are putting on the economy. The article says the currency’s recent gains reflect short-term influences and a much-changed, less active market, rather than showing that Russia’s economic problems have eased.

The official dollar rate was 81.79 rubles on 6 November, down nearly 5.5% since early September; the euro stood at 92.16, almost 10 rubles lower over the same period. Businesses’ need to buy rubles for quarterly tax payments and renewed peace-talk hopes supported the currency in October, while the US midterm results and falling oil prices could weigh on it. Foreign investors have largely left, reducing the market’s response to news; exchange-rate data is also less transparent since dollar and euro trading moved off the Moscow Exchange under sanctions.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.